E3 Lithium (TSXV:ETL) - Stock Price, News & Analysis

ETL Stock Overview

Engages in the development and extraction of lithium resources in Alberta.

ETL fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Analysts in good agreement that stock price will rise by 336.6%

Risk Analysis

Earnings are forecast to decline by an average of 40.1% per year for the next 3 years

Makes less than USD$1m in revenue (CA$0)

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

+ 1 more risk

E3 Lithium Limited Competitors

Geodrill

TSX:GEO

CA$108.9m

Goliath Resources

TSXV:GOT

CA$107.6m

Sherritt International

TSX:S

CA$107.3m

Minsud Resources

TSXV:MSR

CA$107.2m

Price History & Performance

Summary of all time highs, changes and price drops for E3 Lithium
Historical stock prices
Current Share Price	CA$1.41
52 Week High	CA$5.73
52 Week Low	CA$1.36
Beta	0.80
11 Month Change	-17.06%
3 Month Change	-15.06%
1 Year Change	-40.25%
33 Year Change	-18.02%
5 Year Change	187.76%
Change since IPO	213.33%

Recent updates

Here's Why We're Not Too Worried About E3 Lithium's (CVE:ETL) Cash Burn Situation

Apr 04

Shareholder Returns

	ETL	CA Metals and Mining	CA Market
7D	-4.7%	2.7%	1.8%
1Y	-40.3%	9.1%	10.1%

Return vs Industry: ETL underperformed the Canadian Metals and Mining industry which returned 5.4% over the past year.

Return vs Market: ETL underperformed the Canadian Market which returned 8.4% over the past year.

Price Volatility

Is ETL's price volatile compared to industry and market?
ETL volatility
ETL Average Weekly Movement	6.2%
Metals and Mining Industry Average Movement	10.3%
Market Average Movement	8.1%
10% most volatile stocks in CA Market	16.8%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: ETL's share price has been volatile over the past 3 months.

Volatility Over Time: ETL's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Chris Doornbos	www.e3lithium.ca

E3 Lithium Limited engages in the development and extraction of lithium resources in Alberta. It develops the Clearwater Lithium project located in the Bashaw District; and the Leduc brines. The company was formerly known as E3 Metals Corp. and changed its name to E3 Lithium Limited in July 2022.

E3 Lithium Limited Fundamentals Summary

How do E3 Lithium's earnings and revenue compare to its market cap?
ETL fundamental statistics
Market cap	CA$106.88m
Earnings (TTM)	-CA$8.92m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-11.9x

P/E Ratio

Is ETL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ETL income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$8.92m
Earnings	-CA$8.92m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.12
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did ETL perform over the long term?

See historical performance and comparison

ETL Stock Overview

Rewards

Risk Analysis

E3 Lithium Limited Competitors

TSX:GEO

CA$108.9m

TSXV:GOT

CA$107.6m

TSX:S

CA$107.3m

TSXV:MSR

CA$107.2m

Price History & Performance

Recent News & Updates

Price target decreased by 25% to CA$6.20

E3 Lithium Ltd Announces the Summary of Key Results from the Pre-Feasibility Study for its Clearwater Project, Located in South-Central Alberta

Price target decreased by 8.3% to CA$7.90

E3 Lithium Outlines Inaugural 2.5 Mt LCE Inferred Mineral Resource within the Estevan Lithium District in Saskatchewan

E3 Lithium Limited's Laboratory to Expand to Include Production of Lithium Carbonate

E3 Lithium Limited, Annual General Meeting, Jul 16, 2024

Recent updates

Price target decreased by 25% to CA$6.20

E3 Lithium Ltd Announces the Summary of Key Results from the Pre-Feasibility Study for its Clearwater Project, Located in South-Central Alberta

Price target decreased by 8.3% to CA$7.90

E3 Lithium Outlines Inaugural 2.5 Mt LCE Inferred Mineral Resource within the Estevan Lithium District in Saskatchewan

E3 Lithium Limited's Laboratory to Expand to Include Production of Lithium Carbonate

E3 Lithium Limited, Annual General Meeting, Jul 16, 2024

Here's Why We're Not Too Worried About E3 Lithium's (CVE:ETL) Cash Burn Situation

E3 Lithium Limited Appoints Hon. Sonya Savage, to the Board of Directors

E3 Lithium Provides Update on Technology Selections for First Commercial Lithium

New minor risk - Market cap size

E3 Lithium Ltd. Discovers Lithium Concentrations as High as 87 Mg/L in the Nisku Aquifer

CEO, President & Director recently bought CA$138k worth of stock

Independent Director exercised options and sold CA$55k worth of stock

E3 Lithium Limited Announces Director Appointments

E3 Lithium Limited Announces Director Appointments

CEO, President & Director exercised options and sold CA$288k worth of stock

CEO, President & Director recently bought CA$283k worth of stock

Independent Director exercised options to buy CA$299k worth of stock.

E3 Lithium Ltd. Outlines the Performance of Its Dle Pilot Against Kpis

CEO, President & Director recently sold CA$63k worth of stock

E3 Lithium Limited Produces Battery Quality Lithium Hydroxide Monohydrate With Purity of 99.78%

Less than half of directors are independent

Price target decreased by 19% to CA$10.07

E3 Lithium Welcomes Alexandra Cattelan, to Its Board of Directors

E3 Lithium Limited Completes Initial Field Pilot Plant Tests and Shares Results Against KPIs

Key Executive exercised options and sold CA$84k worth of stock

Independent Director recently sold CA$103k worth of stock

E3 Lithium Limited Provides Continued Preliminary Results from the Field Pilot Plant

E3 Lithium Ltd. Provides Preliminary Results from the First Test Sequence At the Field Pilot Plant

Price target increased by 9.5% to CA$11.50

E3 Lithium Limited Advances Lithium Production Testing and Provides Field Pilot Plant Commissioning Update

Key Executive exercised options to buy CA$524k worth of stock.

E3 Lithium Limited Announces Pilot Progress Update

Chief Development Officer recently bought CA$113k worth of stock

E3 Lithium Ltd. Begins Field Pilot Plant Site

CEO, President & Director recently bought CA$780k worth of stock

Price target increased by 19% to CA$9.35

E3 Lithium Limited Announces Concentration Results from Third Well Demonstrate Consistency

E3 Lithium Limited Outlines Lithium Results from Second Well Demonstrating Up to 82 Mg/L

Price target increased to CA$7.85

E3 Lithium Announces Concentration Results from First Well

E3 Lithium Completes Production Test on First Well to Positive Results

E3 Lithium Limited (TSXV:ETL) acquired A Third-party Well in Clearwater Project Area within the Bashaw District.

E3 Lithium Limited Outlines Drilling Update

We're Hopeful That E3 Lithium (CVE:ETL) Will Use Its Cash Wisely

E3 Lithium Completes First Production of Commercial Scale Sorbent

E3 Lithium Limited Finishes Drilling First Well and Begins Completion and Sampling Program

E3 Lithium Limited Announces Executive Changes

E3 Lithium Outlines 23.4 Mt LCE Inferred Mineral Resource in Consolidated Bashaw District

E3 Lithium Begins Drilling First Lithium Evaluation Well in Alberta

E3 Metals Corp. announced that it expects to receive CAD 6.350001 million in funding from Imperial Oil Limited

E3 Lithium to Drill First of its Kind Well in Alberta

Price target increased to CA$6.99

E3 Metals Initiates Design of Field Pilot

Companies Like E3 Metals (CVE:ETMC) Are In A Position To Invest In Growth

E3 Metals Corp. Increases Confidence in Clearwater Aquifer Continuity Through Seismic Interpretation

E3 Metals to Drill First Lithium Evaluation Wells in Alberta

E3 Metals Corp. Announces Prototype Results Show High Sorbent Durability and Consistent Recoveries

E3 Metals Lab Pilot Prototype Initial Tests Deliver 97% Lithium Recovery